Research faculty

Lars Persson

Professor, Deputy Director

Among the questions that Lars Persson tries to answer with his research:

  • How does industrial policy affect incentives for entrepreneurs to invest in innovative business projects?
  • What effect has a more protectionist approach to business ownership abroad in regards to efficiency in the domestic structural change?
  • How does digitalization affect the industrial restructuring process?
  • Are social norms corporate company-specific or country-specific?
  • How does the rise of the private equity market affect efficiency in trade and businesses?
  • Do we need more or less diversity to develop businesses?

New research

Transmission Network Investment across National Borders: The Liberalized Nordic Electricity Market Lars Persson and Thomas Tangerås

Lars Persson's fields of interest are competition policy, entrepreneurship, industrial economics, international investments, and venture capital and private equity. Currently Lars Persson is conducting research on (i) the interaction between entrepreneurs, venture capitalists and oligopolists in the innovation process, (ii) private equity corporate restructuring, (iii) taxes and entreprenurial innovations (iv) international mergers and corporate restructuring.

Further, Lars Persson is Adjoint Professor at the School of Economics and Management, Lund University, CESifo Fellow (Center for Economic Studies) at the University of Munich, Research Fellow at the Centre for Economic Policy Research (CEPR) London, and Swedish Entrepreneurship Forum. He has served as an economic expert judge at the District Court of Stockholm, and has been Visiting Professor at the European University Institute and Purdue University.

 

Published and forthcoming work

"The Turnaround of the Swedish Economy: Lessons from Large Business Sector Reforms" (with Fredrik Heyman and Lars Persson), World Bank Research Observer (forthcoming). 

"Who Creates Jobs and Who Creates Productivity? Small versus Large versus Young versus Old" (with Fredrik Heyman and Pehr-Johan Norbäsck).  Economics Letters 164(Mars), 50–57, 2018. 

"Private Equity Buyouts: Anti- or Pro-Competitive?" (with Per-Johan Norbäck and Joacim Tåg). Antitrust Chronicle 1(1), 1–5, 2018.

"Threatening to Buy: Private Equity Buyouts and Antitrust Policy" (with Pehr-Johan Norbäck and Joacim Tåg). Economics Letters 164(Mars), 31–34, 2018. 

"Does the Debt Tax Shield Distort Ownership Efficiency?" (with Pehr-Johan Norbäck and Joacim Tåg). International Review of Economics & Finance 54(Mars), 299–310, 2018. 

"Cross-Border Mergers & Acquisitions with Financially Constrained Owners" (with Aron Berg and Pehr-Johan Norbäck). Review of World Economics 153(3), 433–456, 2017. 

"Cross-Border Acquisitions and Restructuring: Multinational Enterprises and Private Equity Firms" (with Selva Bahar Baziki, Pehr-Johan Norbäck and Joacim Tåg). European Economic Review 94(May),166–184, 2017. 

"Why Entrepreneurs Choose Risky R&D Projects – But Still Not Risky Enough" (with Erika Färnstrand Damsgaard, Pehr-Johan Norbäck and Helder Vasconcelos). Economic Journal 127(605),164–199, 2017. 

Creative Destruction and Productive Preemptive Acquisitions” (with Pehr-Johan Norbäck and Roger Svensson), Journal of Business Venturing 31(3),326-343, 2016. 

Acquisitions, Entry, and Innovation in Oligopolistic Network Industries” (with Pehr-Johan Norbäck and Joacim Tåg), International Journal of Industrial Organization 37(November), 1‒12, 2014. 

"Entrepreneurship Policy and Globalization" (with Pehr-Johan Norbäck and Robin Douhan), Journal of Development Economics 110(September),  22-38, 2014. 

"Entrepreneurial Innovations and Taxation" (with Andreas Haufler and Pehr-Johan Norbäck), Journal of Public Economics 113(May), 13-31, 2014.

"Born to be Global and the Globalization Process" (with Pehr-Johan Norbäck), The World Economy 37(5), 672-689, 2014. 

"The Evolving Domain of Entrepreneurship Research" (with Bo Carlsson, Pontus Braunerhjelm, Maureen McKelvey, Christer Olofsson and Håkan Ylinenpää), Small Business Economics 41(4), 913-930, 2013.

"Venture Capitalists and the Patenting of Innovations" (with Simona Fabrizi, Steffen Lippert and Pehr-Johan Norbäck), Journal of Industrial Economics 61(3), 623-659, 2013. 

"Entrepreneurial Commercialization Choices and the Interaction between IPR and Competition Policy" (with Joshua S. Gans), Industrial and Corporate Change 22(1), 131-151, 2013.  

"Ex Post Merger Evaluations and Strategic Premerger Investments" (with Richard Friberg and Pehr-Johan Norbäck). Journal of Competition Law and Economics 8(4), 831-848, 2012. 

"Privatization, Investment and Ownership Efficiency" (with Pehr-Johan Norbäck). Oxford Economic Papers, 64(4), 765-786, 2012. 

"Endogenous Mergers and Collusion in Asymmetric Market Structures" (with Mattias Ganslandt and Helder Vasconcelos). Economica 79(316), 766-791, 2012. An earlier WP version can be found here.

"Should Countries Block Foreign Takeovers of R&D Champions and Promote Greenfield Entry" (with Oliver Bertrand, Katariina Nilsson Hakkala and Pehr-Johan Norbäck). Canadian Journal of Economics 45(3), 1083-1124, 2012. 

"Entrepreneurial Innovations, Competition and Competition Policy" (with Pehr-Johan Norbäck). European Economic Review 56(3), 488-506, 2012.

"Antitrust and Regulation in the EU and US: Legal and Economic Perspectives" in François Lévêque and Howard Shelanski, (eds.), Cheltenham, UK, and Northampton, MA: Edward Elgar, 2009, book review (with Joacim Tåg). Journal of Economic Literature XLVIII(4), 1051–1053, 2010.

"The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists, and Oligopolists" (with Pehr-Johan Norbäck). Journal of the European Economic Association, Vol. 7, No. 6, 2009, 1261-1290.  An earlier WP version can be found here.

"On the Anticompetitive Effect of Exclusive Dealing When Entry by Merger is Possible" (with Chiara Fumagalli and Massimo Motta). Journal of Industrial Economics 54(4), 785-811, 2009.  An earlier WP version can be found here.

"Cross-Border Acquisitions and Taxes: Efficiency and Tax Revenues" (with Pehr-Johan Norbäck and Jonas Vlachos). Canadian Journal of Economics 42(4),1473-1500, 2009. An earlier WP version can be found here.

"Cross-Border Mergers & Acquisitions Policy in Service Markets" (with Pehr-Johan Norbäck). Journal of Industry, Competition and Trade 8(3), 269–293, 2008. An earlier WP version can be found here.

"Efficiency and Ownership Structure – The Case of Poland" (with Karl-Markus Modén and Pehr-Johan Norbäck). The World Economy 31(3), 437-460, 2008. An earlier WP version can be found here.

"Globalization and Profitability of Cross-border Mergers & Acquisitions" (with Pehr-Johan Norbäck). Economic Theory 35(2), 241–266, 2008. 

"Investment Liberalization - Why a Restrictive Cross-Border Merger Policy can be Counterproductive'' (with Pehr-Johan Norbäck). Journal of International Economics 72(2), 366–380, 2007. An earlier WP version can be found here.

"Endogenous Asset Ownership Structures in Deregulated Markets" (with Pehr-Johan Norbäck). European Economic Review 50(7), 1729-1752, 2006.  An earlier WP version can be found here.

"Privatization Policy in an International Oligopoly" (with Pehr-Johan Norbäck).  Economica, 72(288), 635-653, 2005. An earlier WP version can be found here.

"The Failing Firm Defence". Journal of Industrial Economics, 53(2), 175-201, 2005. 

"Predation and Mergers: Is Merger Law Counterproductive?". European Economic Review 48(2), 239-258, 2004. An earlier WP version can be found here.

"Privatization and Foreign Competition" (with Pehr-Johan Norbäck). Journal of International Economics 62(2), 409-416, 2004.  An earlier WP version can be found here.

"Endogenous Mergers in Concentrated Markets" (with Henrik Horn). International Journal of Industrial Organization 19(8), 1213-1244, 2001. An earlier WP version can be found here.

"The Equilibrium Ownership of an International Oligopoly" (with Henrik Horn). Journal of International Economics 53(2), 307-333, 2001. An earlier WP version can be found here.

"Asset Ownership in Imperfectly Competitive Markets" Monograph Series, No. 35. Institute for International Economic Studies, Stockholm, 1998.

 

Lars Persson

Contact

Ph : +46 8 665 4504
lars.persson@ifn.se

Introduction

Lars Persson is Professor in economics, Deputy Director at IFN, and IFN Senior Research Fellow. In addition he is research fellow at the Centre for Economic Policy Research (CEPR, London) and the ifo Institute in Munich. He has served as an economic expert judge at the District Court of Stockholm, and has been visiting professor at the European University Institute and Purdue University.

Leading Research Environment

IFN at the top

 

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The Research Institute of Industrial Economics, IFN, is a private and independent foundation devoted to pursuing highly relevant research for trade and industry.

The researchers at IFN are united in their belief that economic methods offer a powerful tool for understanding society.

The main research programs are:

  1. economics of entrepreneurship
  2. globalization and corporate restructuring
  3. economics of the service sector
  4. economics of the electricity markets
  5. economics of institutions and culture.

Global Award

Research on entrepreneurship

 

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The Global Award for Entrepreneurship Research is the foremost global award for research on entrepreneurship.This Prize is awarded annually with a prize sum of EUR 100,000.

IFN in cooperation with Entreprenörskapsforum and Vinnova are the principals of the award, in cooperation with the donor, Stockholms Köpmansklubb.

Professor Olav Sorenson, Yale, is the winner of the Global Award for Entrepreneurship Research 2018. 

Research Institute of Industrial Economics, Grevgatan 34 - 2 fl, Box 55665, SE-102 15 Stockholm, Sweden | Phone: +46-(0)8-665 45 00 | info@ifn.se